Personal Cyber Insurance provides compensation for losses when you are doing or not doing online activities or transactions, such as electronic fund transfer fraud, online retail fraud, identity theft, restoration costs and others. The losses arising from the cyberattacks include :
Online Shopping
Internet Payment Transactions
Online Identity Theft administration fee.
Technology comes with huge advantages for everyday life, but we should be aware that it also comes with significant risks. Cyberattacks can cause business failures, bank transaction failures, power outages, military equipment failures, and breaches of company security secrets. This is why Insurance plays a key role in protecting us against cyber threats.
